Recital 3

(3) Therefore, a Union authority for anti-money laundering and countering the financing of terrorism (‘the Authority’) should be established. The creation of the Authority is crucial for ensuring the efficient and adequate supervision of obliged entities that pose a high risk with regard to money laundering/terrorist financing (‘ML/TF’), strengthening common supervisory approaches for all other obliged entities, and facilitating joint analyses and cooperation between FIUs.

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Source: EUR-Lex CELLAR · retrieved 2026-09-04 · Text as adopted (Official Journal); later amendments are not incorporated in this text.